Just getting ready...

Thanks for the description and charts, Jim. Very good work.

Al Kamego

perhaps it is nothing.... but i am worried about a radical move ....soooooo many things are at support that if broken ...... next targets way below.....futures dont show it now.... but i am concerned

Good info, roofer. I, too, think that if this gets 'let go', it could really drop. I suspect 'they' are planning on this, since QE3 needs to hit by no later than March, but possibly right now, and that can't happen unless we beg for it. A plunge will make us beg for The Great Satan to print more. Just a thought.

Originally posted by roofer

perhaps it is nothing.... but i am worried about a radical move ....soooooo many things are at support that if broken ...... next targets way below.....futures dont show it now.... but i am concerned

I agree....the short side feels too easy....it's like one big trend day, every pop turns at predictable levels...but the lack of any interest in picking it up is troubling

look at where price is....what does the logic of our tools say... merriman has a 3 star reversal day in slv due .... but here? or MUCH LOWER?

Well, my work has been saying lower 20's in silver for a long time now. I recall one student of mine saying how much of a suprise that would be to him if we ever saw that price again. It fits with your SLV chart.

everyone is so sure,i have never seen so many smugly sure, that the huge public short is wrong..... but what if the lines let go and the fxe collapses.... the longs are the commercials and if they get crushed, even for a day or two, what happens to the liquidity of the markets.... again my concern is driven strictly by the tools...

Recall this, posted way back (and updated as of today)?





I'm not saying it all plays out this way, but other than the pullback happening a little earlier than my green lines it has followed the script perfectly so far. If it keeps following it...

Chart created on QCharts, courtesy eSignal.

All it takes to get the worthless Euro piece of junk to get to that level is one rush to dollar need via any collapsed big bank over there, and that would be as challenging to have happen as finding a sunny day in Arizona. Any of twenty or more banks over there could go any second and the need for dollars would be immense. Euro POS, KIG.

Originally posted by roofer

everyone is so sure,i have never seen so many smugly sure, that the huge public short is wrong..... but what if the lines let go and the fxe collapses.... the longs are the commercials and if they get crushed, even for a day or two, what happens to the liquidity of the markets.... again my concern is driven strictly by the tools...

Click image for original size

Click image for original size

new trick? am i looking at the wrong line?

I also wish you all Merry Christmas.